Pizza. One stock serving up serious game thanks to leftovers the dow was up over 500 points the rally, driven in part by President Trump who made an about face on stimulus, putting aid back in play before the november election. So, can we expect this rally to continue you know what struck me about todays rally is that we what is that, mel that we closed nine points higher than when we closed yesterday. We are better off today hoping for piecemeal parts to the stimulus plan than yesterday i made it a point, albeit clumsy, that President Trump, in my opinion, is extraordinarily focused on the stock market. The administration has said it for years, the stock market is a report how well hes doing so for him to tweet something and then watch the dow jones g straight line, it had to be upsetting. I thoughi didnt think it wouldn six hours later, but we are here i think they have learned how to speak the language of the stock market to your point, nothing has changed, but here we are increment
S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back
As a result of the coronavirus pandemic, putting the country technically into recession. The World Health Organisation says up to a quarter of a billion people in africa could catch coronavirus this year. But says the outbreak is likely to be less deadly than in europe and the us cafes a nd restau ra nts have begun reopening in many parts of australia, but with limits on the number of customers allowed in. And calls for nhs workers in the uk whove treated coronavirus patients to get the same Mental Health support as soldiers returning from war. It would be like having, you know, 15, 20 patients who are really on the edge who are going to die in the next few hours if you dont do anything every 12 hours. That is how bad it is. Good morning and welcome to bbc news. Im Annita Mcveigh with the latest developments on the coronavirus outbreak in the uk and around the world. Here, unions representing teachers and school staff will meet the governments top scientific advisors today, as they dem
Discussing just that, an early return to work. 9 40 eastern time today on this program. There is outrage at Speaker Pelosi loading up the stimulus package with a host of items unrelated to supporting workers and industries. For example, canceling post office debt, the return of obama phones, same day voter registration, 35 million for the Kennedy Center for performing arts. What has all that got to do with getting money to people who have just lost their jobs, millions of workers thrown out of a job. However, treasury secretary mnuchin and senator schumer did meet last night, and they suggested that a 2 trillion rescue package, stimulus package, is close. Well see. All this has given the market a shot in the arm. For much of the morning, we have been limit up for the dow jones average and at the opening bell, the dow will be up, what, 900 points, maybe more when the restrictions of the limits on trading are off. S p, nasdaq also up 4 , 5 . Clearly, investors like the 2 trillion rescue
Why did thomas cooks top bosses pay themselves millions in bonuses with the company on the brink of collapse . The government wants an investigation to be fast tracked. One thomas cook worker tells us shes feeling completely lost today. I think it is too late for anything, if im honest. Like they said, it happened overnight, weve all woken up with no jobs, what do you do . I dont really know where to go from here, to be honest. And labours voted to stay neutral on brexit in a general election. But is that enough to convince the partys core northern voters to back them . Ex miners in bolsover in derbyshire tell us what they think ofjeremy corbyn. I have always been labour, ex miner, my dad was a minor, all my dads brothers were minors, so i dont really. I cant bring myself to vote tory, i could never do that, but i cant supportjeremy corbyn. Well ask the former miner and Labour Party Chairman ian lavery what he thinks of that. Hello. Welcome to the programme. Were live until 11 this mor